Sinomach investment in SMR development

Sinomach investment in SMR development

Overview

  • Release Date: December 06, 2016

Mr. He Yu, President of China General Nuclear Power Group (CGN) and Mr. Ren Hongbin, President of China National Machinery Industry Corporation (Sinomach) reached this month a strategic cooperation agreement in Beijing.

According to the agreement, both parties will deepen their cooperation and achieve mutual benefits in the manufacturing R&D and services of the nuclear equipments, the exploitation of the international nuclear market, the clean energy field and the capital operation etc.

Both sides agreed to complement each other and share resources in the small reactor development, and join hands to promote the nuclear “going out”.

* China National Machinery Industry Corporation (Sinomach), established in January 1997, is an important State-owned backbone enterprise directly managed by the central government. Sinomach is a Fortune Global 500 enterprise. Sinomach’s headquarters is located in the Silicon Valley of China, Beijing’s Zhongguancun.

Sinomach Group is an international, diversified, comprehensive equipment industrial group committed to providing quality services globally. The group’s primary businesses include three main areas of R&D and manufacturing: mechanical equipment, project contracting, and trade and services. Its service scope covers critical national economic fields including machinery, electric power, metallurgy, agriculture and forestry, transportation, construction, automobiles, ship building, light industry, electronics energy, environmental engineering, aeronautics and astronautics. The group has a market presence in over 170 countries and regions around the world.

 

About Author

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.

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